Infrastructure Investment Creates Middle-Class Jobs
U.S. Treasury Department
March 23, 2012
The information provided here is for informational and educational purposes and does not necessarily reflect the opinion and/or policy position of the Georgia Municipal Association.
Nearly 90 percent of the jobs in the sectors that benefit most from infrastructure spending are middle-class jobs.
A new report from the U.S. Department of Treasury notes that infrastructure investments have a significant impact on middle-class families. Findings from the report include:
- Nearly 90 percent of the jobs in the sectors that benefit most from infrastructure spending are middle-class jobs.
- The average American family spends more than $7,600 a year on transportation.
- Traffic congestion on our roads results in 1.9 billion gallons of gas wasted per year, and costs drivers more than $100 billion in wasted fuel and lost time.
- For 90 percent of Americans, transportation costs absorb one out of every seven dollars of income.
- The United States ranks 15th out of 32 Organization for Economic Co-operation and Development (OECD) nations with respect to our satisfaction with our roads and highways.
- 19 out of 20 Americans are concerned about America’s infrastructure and 84 percent support greater investment to address infrastructure problems.
||The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. |